Development alters request to seek 13 additional luxury cabins, 16 affordable units …About two-thirds of the cabins are wholly owned while the remainder were sold in fractional interests. There is still “good” resale activity despite the recession and slow recovery, but no new product to offer people interested in the club, partner Jim Light said. Buyers are typically friends of existing members, he said. They visit the club and become interested in spending more time there.
ASPEN BASALT REAL ESTATE — The Roaring Fork Club is prepared to move ahead with an expansion plan because there is a demand for new residences there despite the ailing economy, partner Jim Light said Tuesday night.The private golf club and high-end residential development on the eastern outskirts of Basalt is seeking approval for 13 additional luxury cabins, three single-family homes and 16 affordable housing units.The ownership group crossed an important hurdle Tuesday, when the Basalt Town Council voted 5-0 to amend the terms of an approval granted in May 2008, rather than make the club start from scratch in the review process. That was critical for the club because it means less time for the review, and starting over would have subjected the plan to more stringent growth control measures passed recently by the town.
Scott Condon, Oct. 27, 10 Aspen Times
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